Blue Ocean strategy is a business approach that focuses more on such Blue Ocean areas. There are two types of market spaces(oceans): Blue and Red
a] Blue Ocean is the new, uncontested market space, competition is negligible, increases profitability
I disagree; we can see many recent examples of Blue Ocean strategies. For instance, the arrival of ChatGPT created a new market space, leading to the rise of competitors and benefiting users.
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Blue Ocean strategy is a business approach that focuses more on such Blue Ocean areas. There are two types of market spaces(oceans): Blue and Red
a] Blue Ocean is the new, uncontested market space, competition is negligible, increases profitability
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Blue Ocean Strategy🌊
Most businesses compete in a red ocean crowded markets where everyone is fighting for the same customers. But what if you didn’t have to compete? What if you could create your own market where there’s no competition?
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📖 DAILY BOOOK SUMMARY 📖
🚀 11 Lessons from 👍
🔥 Blue Ocean Strategy 🔥
By W. Chan Kim 💯
1. Definition of Blue Ocean Strategy
• Focuses on creating uncontested market spaces rather than competing in existing ones.
• Aims to render compe
Is your startup idea stuck in a red ocean?
👉Red oceans represent crowded markets with fierce competition. Blue oceans, on the other hand, are uncontested markets ripe for innovation.
Let's use Medial as an example.
In Medial's case red ocean ex:
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Competition should not accupy the centre of strategic thinking
This line hits me...
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